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MARKET INFRASTRUCTURE
Market Infrastructure
China Uses CNY Cross-border More than USD for First Time
By Editors | 30/04/2023
The yuan was used in 48.4 percent of China’s cross-border transactions in March, compared to 46.7 percent for the dollar.
AML / KYC
SFC Chief Julia Leung Offers View Into 2023 Priorities
By Manesh Samtani | 29/04/2023
Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.
Market Infrastructure
Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB
By Editors | 28/04/2023
A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.
Market Infrastructure
RBI Eases Restrictions on Funds Held in GIFT City by Indians
By Editors | 27/04/2023
The RBI removed a requirement for Indian residents to repatriate funds that lie idle for 15 days in GIFT City bank accounts. Restrictions on interest-bearing accounts also relaxed.
Market Infrastructure
CSRC Consults on Draft Rules for Hosted Facilities for Trading
By Editors | 27/04/2023
Securities and futures exchanges must ensure fairness and reasonableness in terms of latency, resource allocation and guarantees, and service agreements, among other areas.
Market Infrastructure
Cboe Global Markets Unveils New 1-Day Volatility Index
By Manesh Samtani | 27/04/2023
The VIX1D measures the expected “current trading day” volatility of the S&P 500 Index, whereas the existing VIX Index reflects expected volatility 30 days out.
Fintech / Regtech
HKMA, PBOC Explore Use of CBDC for Cross-border Payments
By Editors | 26/04/2023
HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.
Market Infrastructure
ARRC Allows Expanded Use of Term SOFR for Hedging
By Editors | 25/04/2023
Market participants can use Term SOFR in basis swap transactions even if they are not a direct party to a Term SOFR cash exposure.
Market Infrastructure
Macau Exchange Signs Cooperative Agreement with LuxSE
By Editors | 25/04/2023
Under the agreement, MOX-listed securities can be admitted for listing and trading on LuxSE’s exchange-regulated market, the Euro MTF.
Market Infrastructure
Stock Connect Trading Calendar Enhancements Take Effect
By Editors | 25/04/2023
The enhancements will add about 10 trading days to northbound and southbound Stock Connect each year.
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